Informatica Inc. (NYSE:INFA) Short Interest Up 30.0% in October

Informatica Inc. (NYSE:INFA) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 5,110,000 shares, a growth of 30.0% from the September 30th total of 3,930,000 shares. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is currently 3.2 days. Approximately 3.8% of the company’s shares are sold short.

Informatica Price Performance

Shares of INFA stock opened at $26.77 on Wednesday. The firm has a fifty day simple moving average of $25.39 and a 200-day simple moving average of $27.54. The company has a market capitalization of $7.90 billion, a PE ratio of -1,327.50, a price-to-earnings-growth ratio of 5.41 and a beta of 1.06. Informatica has a twelve month low of $18.71 and a twelve month high of $39.80. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company had revenue of $400.63 million during the quarter, compared to analysts’ expectations of $402.97 million. During the same period in the prior year, the company posted $0.02 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Informatica will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on INFA shares. Robert W. Baird reduced their target price on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 target price on shares of Informatica in a report on Wednesday, July 31st. Wells Fargo & Company cut their price target on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. UBS Group reduced their price target on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Informatica presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.18.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the sale, the executive vice president now owns 393,686 shares in the company, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new position in shares of Informatica during the 2nd quarter valued at approximately $32,000. ORG Partners LLC bought a new position in Informatica during the 1st quarter valued at $43,000. Summit Securities Group LLC acquired a new position in Informatica during the 2nd quarter worth $46,000. Amalgamated Bank increased its position in shares of Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after purchasing an additional 1,037 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of Informatica in the 3rd quarter valued at about $149,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Company Profile

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.